Monday 22nd September 2008 Frank Act Gets PPA Support
In the United States, following the passage of Barney Frank’s Payments System Protection Act through the House Committee on Financial Services, the Poker Players Alliance (PPA) has issued a statement thanking the Democratic Congressman for his efforts.
Officially known as House of Representatives 6870, the Act was approved last week by a vote of 30 to 19 and will now make its way before Congress for a full vote. If passed, it would have the practical impact of delaying the implementation of regulations under the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 through a process designed to ensure that these do not impair the functioning of the US payments system or inappropriately prevent legal online transactions.
'The PPA is pleased that the House Financial Services Committee today recognised the need to provide necessary clarification to what constitutes ‘unlawful Internet gambling' under UIGEA by passing House of Representatives 6870,” read a statement issued by former US Senator Alfonse D’Amato, Chairman for the Washington, DC-based grassroots organisation.
'This bipartisan compromise bill will rightfully advance UIGEA to become immediately effective for such Internet gambling that is clearly unlawful, namely sportsbetting. The legislation also appropriately requires a formal rulemaking, overseen by an administrative law judge, to provide the clarification requested by the Department of Treasury and the Federal Reserve, among others, as to the definition of ‘unlawful Internet gambling.'
'Even those who oppose Internet gambling should applaud the passage of this legislation as it provides the most realistic opportunity to block truly unlawful Internet gambling transactions.
'The PPA congratulates the Republicans and Democrats on the House Financial Services Committee on reaching this strong compromise bill and we look forward to enactment of this sound public policy during this legislative session. We thank Chairman Frank for his continued leadership on this important issue of protecting individual rights and personal responsibility.'
Source: OnlineCasinoNews
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POKER NEWS >> Frank Act Gets PPA Support
